16 
 
 
 
                                                      Exhibit 12.1 
 
 
                             Boston Edison Company 
            Computation of Ratio of Earnings to Fixed Charges 
                        Twelve Months Ended June 30, 1995 
                               (in thousands) 
 
 
                                                  
Net income from continuing operations               $127,567 
 
Income taxes                                          60,540 
 
Fixed charges                                        128,055 
                                                    -------- 
     Total                                          $316,162 
                                                    ======== 
Interest expense                                    $118,169 
Interest component of rentals                          9,886 
                                                    -------- 
     Total                                          $128,055 
                                                    ======== 
Ratio of earnings to fixed charges                      2.47 
                                                        ====